time has been 140 minutes, consisting of the following steps: Turn off machine and remove fixture from lathe Go to tool room with fixture Record replacement of fixture to tool room Return to lathe Clean lathe Return to tool room Record withdrawal of new fixture from tool room Return to lathe Install new fixture and turn on machine Total setup time 15 minutes 15 18 Reason: 20 20 20 12 15 5 140 minutes a. A company plans to setup a machine to increase the productivity. The average setup time is 140 minutes. Do you think the management needs to minimize the setup time. Identify the reason that supports the answer. a. Yes b. No
time has been 140 minutes, consisting of the following steps: Turn off machine and remove fixture from lathe Go to tool room with fixture Record replacement of fixture to tool room Return to lathe Clean lathe Return to tool room Record withdrawal of new fixture from tool room Return to lathe Install new fixture and turn on machine Total setup time 15 minutes 15 18 Reason: 20 20 20 12 15 5 140 minutes a. A company plans to setup a machine to increase the productivity. The average setup time is 140 minutes. Do you think the management needs to minimize the setup time. Identify the reason that supports the answer. a. Yes b. No
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![time has been 140 minutes, consisting of the following
steps:
Turn off machine and remove fixture from lathe
Go to tool room with fixture
Record replacement of fixture to tool room
Return to lathe
Clean lathe
Return to tool room
Record withdrawal of new fixture from tool room
Return to lathe
Install new fixture and turn on machine
Total setup time
15 minutes
b.
15
18
20
20
20
12
15
5
140 minutes
a. A company plans to setup a machine to increase the
productivity. The average setup time is 140 minutes. Do
you think the management needs to minimize the setup
time. Identify the reason that supports the answer.
a. Yes
b. No
Reason:
a. The setup time is not a concern of the company as it is
not related to productivity of the company.
b. The setup time should be considered because long
setup time leads to increased economic cost of the
setup.
c. The cost incurred for setup can be ignored as it is
related to machinery.
d. Long setup cost can be recovered as depreciation.
A company plans to setup a machine to increase the
productivity. The average setup time is 140 minutes.
The company wishes to control the setup time. Identify
the statement that suits the given situation.
a. Identify the wait time and non-value-added time and
eliminate that with effective planning so that the setup
time can be reduced.
b. Identify the machine that has less setup time.
c. Identify the laborers are contributing less to the setup
process and eliminate them from the process.
d. None of the above.
c. How much time would be required for a setup, using
your suggestion in (b)?
minutes](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F95236ad7-6132-43b7-89f4-4633119c5e63%2F2a57ab48-8ffc-45ea-aca4-ed22749091c3%2Fc5zxweq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:time has been 140 minutes, consisting of the following
steps:
Turn off machine and remove fixture from lathe
Go to tool room with fixture
Record replacement of fixture to tool room
Return to lathe
Clean lathe
Return to tool room
Record withdrawal of new fixture from tool room
Return to lathe
Install new fixture and turn on machine
Total setup time
15 minutes
b.
15
18
20
20
20
12
15
5
140 minutes
a. A company plans to setup a machine to increase the
productivity. The average setup time is 140 minutes. Do
you think the management needs to minimize the setup
time. Identify the reason that supports the answer.
a. Yes
b. No
Reason:
a. The setup time is not a concern of the company as it is
not related to productivity of the company.
b. The setup time should be considered because long
setup time leads to increased economic cost of the
setup.
c. The cost incurred for setup can be ignored as it is
related to machinery.
d. Long setup cost can be recovered as depreciation.
A company plans to setup a machine to increase the
productivity. The average setup time is 140 minutes.
The company wishes to control the setup time. Identify
the statement that suits the given situation.
a. Identify the wait time and non-value-added time and
eliminate that with effective planning so that the setup
time can be reduced.
b. Identify the machine that has less setup time.
c. Identify the laborers are contributing less to the setup
process and eliminate them from the process.
d. None of the above.
c. How much time would be required for a setup, using
your suggestion in (b)?
minutes
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